The global satellite transponder market size is likely to attain over USD XX billion by the year 2028. Besides, it is likely to project a CAGR of nearly XX% during the forecast years 2021-2028. The satellite transponder market is driven by the increasing demand for High-Definition Television (HDTV) sets and expansion in the Ku band applications. Further, the increasing adoption rates of Ku band frequencies for data, video and voice communications have positively impacted the market growth for satellite transponder.
The present and future of satellite transponder market progress is summarized to conclude the attractiveness of the entire market. Also, prime factors that influence the satellite transponder market opportunities during the forecast year are factors such as new high-bandwidth applications like maritime broadband and in-flight communications that require landline-rivaling speeds, the rising adoption of the Ka-band frequency has also increased considerably for high-bandwidth broadcasting and communication purposes are expected to drive the satellite transponder market.
Growing demand for Fixed Satellite Services, Maritime Broad band, in-flight and Machine to Machine communication are boosting the growth of the satellite transponder market. The satellite transponder market is primarily driven by Surge in demand for High Throughput Satellites (HTS) and escalating demand for High Data-Rate (HDR) application.
The report also emphasizes several distinctiveness of the global satellite transponder by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the satellite transponder which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The satellite transponder market has tough competition among the new emerging and pre-established market vendors. Besides, the satellite transponder vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
In terms of the service, the market is categorized into leasing, maintenance & support, and others. The leasing segment is predicted to achieve the largest growth during the forecast years 2021-2028. The shift in the focus of satellite operators towards supplying high-capacity satellite transponder is expected to grow significantly.
North America is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the library market in this region is mostly ascribed to the extensive necessity for secure and reliable satellite-based communication that is being used in video distribution, DTH, broadband accesses. However, the Middle East & Africa and South America region is likely to account for the maximum market contribution during the forecast years. The domination of this region is largely ascribed to the rise in demand for direct-to-home (DTH) satellite TV, high definition (HD).
The major players of the global library market are SES, Arabsat, Eutelsat, Intelsat, Star One, Thaicom, SKY, Perfect JSAT Corporation, Hispasat, Singtel, Telesat. Renowned companies are offering satellite transponder solutions. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
Segment Overview of Global Satellite transponder Market
Bandwidth Overview, 2021-2028 (USD Million)
- C Band
- KU Band
- KA Band
- K Band
Service Overview, 2021-2028 (USD Million)
- Maintenance & Support
End User Overview, 2021-2028 (USD Million)
- Commercial Communication
- Government Communication
- Remote Sensing
Regional Overview, 2021-2028 (USD Million)
- North America
o Rest of Europe
- Asia Pacific
o Rest of Asia Pacific
- Middle East and Africa
o Saudi Arabia
o Rest of MEA
- South America